JPMorgan Chase & Co. (NYSE:JPM) Position Boosted by KG&L Capital Management LLC

KG&L Capital Management LLC raised its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 10.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,238 shares of the financial services provider’s stock after acquiring an additional 2,651 shares during the quarter. JPMorgan Chase & Co. makes up 3.1% of KG&L Capital Management LLC’s investment portfolio, making the stock its 6th largest holding. KG&L Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $3,440,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in JPM. Nuveen Asset Management LLC grew its stake in shares of JPMorgan Chase & Co. by 2,432.9% in the 2nd quarter. Nuveen Asset Management LLC now owns 23,689,599 shares of the financial services provider’s stock valued at $2,648,497,000 after buying an additional 22,754,332 shares in the last quarter. Invesco Ltd. grew its stake in shares of JPMorgan Chase & Co. by 39.8% in the 2nd quarter. Invesco Ltd. now owns 23,689,706 shares of the financial services provider’s stock valued at $2,648,509,000 after buying an additional 6,745,215 shares in the last quarter. Thoroughbred Financial Services LLC grew its stake in shares of JPMorgan Chase & Co. by 11,601.0% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 4,973,970 shares of the financial services provider’s stock valued at $497,397,000 after buying an additional 4,931,461 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter valued at approximately $331,575,000. Finally, Amundi Pioneer Asset Management Inc. grew its stake in shares of JPMorgan Chase & Co. by 43.3% in the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 7,563,083 shares of the financial services provider’s stock valued at $845,552,000 after buying an additional 2,283,575 shares in the last quarter. 71.89% of the stock is currently owned by institutional investors.

In other JPMorgan Chase & Co. news, Director Mellody L. Hobson purchased 18,200 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was bought at an average cost of $109.91 per share, for a total transaction of $2,000,362.00. Following the completion of the acquisition, the director now directly owns 7,804 shares in the company, valued at $857,737.64. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Peter Scher sold 10,816 shares of the company’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $115.00, for a total value of $1,243,840.00. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by insiders.

Several equities research analysts recently commented on JPM shares. Royal Bank of Canada set a $120.00 price target on JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Monday, October 7th. Morgan Stanley set a $122.00 price target on JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Friday, August 9th. ValuEngine raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Wednesday, September 4th. Credit Suisse Group set a $135.00 price target on JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Friday. Finally, Buckingham Research cut JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and set a $122.00 price target for the company. in a research note on Monday, September 16th. They noted that the move was a valuation call. Twelve analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. JPMorgan Chase & Co. presently has a consensus rating of “Hold” and a consensus target price of $122.59.

JPM opened at $116.14 on Friday. The business has a 50 day moving average price of $114.14 and a 200 day moving average price of $111.46. JPMorgan Chase & Co. has a twelve month low of $91.11 and a twelve month high of $120.40. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market cap of $360.13 billion, a P/E ratio of 11.78, a price-to-earnings-growth ratio of 1.63 and a beta of 1.20.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Tuesday, July 16th. The financial services provider reported $2.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.50 by $0.32. JPMorgan Chase & Co. had a return on equity of 14.40% and a net margin of 24.73%. The firm had revenue of $28.83 billion during the quarter, compared to analyst estimates of $28.52 billion. During the same period in the previous year, the company earned $2.29 EPS. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. As a group, analysts anticipate that JPMorgan Chase & Co. will post 9.89 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 4th will be issued a $0.90 dividend. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend is Thursday, October 3rd. JPMorgan Chase & Co.’s payout ratio is 40.00%.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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